Hikma acquires Thymoorgan

Hikma Pharmaceuticals Plc 20 April 2007 Hikma builds an integrated oncology platform LONDON, 20 April 2007 - Hikma Pharmaceuticals PLC ('Hikma') (LSE: HIK) (DIFX: HIK), the multinational pharmaceuticals group, announces that it has agreed to acquire Thymoorgan GmbH Pharmazie & Co. KG ('Thymoorgan'), a German contract manufacturer of lyophilised and liquid injectables for both oncological and non-oncological uses. The oncology capabilities of Thymoorgan are centred on cytotoxic products that require significant handling expertise and specialised manufacturing processes. Thymoorgan's manufacturing facilities are located in Vienenburg, Lower Saxony, Germany and include two filling lines, four lyophilisers and cytotoxic material handling areas, together with packaging and warehouse facilities. In addition, the manufacturing site offers significant scope for expansion. The acquisition is expected to be accretive to earnings in 2008 and, as at 31 December 2006, the value of Thymoorgan's gross assets are estimated at €8.6 million, based on Thymoorgan's management accounts. Thymoorgan employs 51 employees. Samih Darwazah, Chairman & CEO of Hikma, commented: 'Thymoorgan is an excellent business. Having acquired Ribosepharm in January as a foundation for our oncology business, we now have the ability to integrate our own oncology manufacturing capability. This is expected to facilitate the expansion of our oncology business and will help us to meet the rapidly growing demand for oncology drugs in our Middle East and North Africa, European and US markets.' - ENDS - Enquiries: Hikma Pharmaceuticals PLC Susan Ringdal, Investor Relations Director +44 20 7399 2760 Brunswick Group Jon Coles / Justine McIlroy / Alex Tweed +44 20 7404 5959 About Hikma Hikma Pharmaceuticals PLC is a multinational pharmaceutical group focused on developing, manufacturing and marketing a broad range of both branded and non-branded generic and in-licensed pharmaceutical products. Hikma's operations are conducted through three businesses: Generic, Branded and Injectable Pharmaceuticals. Hikma's operations are based principally in the Middle East and North Africa ('MENA') region, the United States and Europe. In 2006, the Group had revenue of $317 million and profit attributable to shareholders of $55 million. At 31 December 2006, the Group had over 2,443 employees. For news and other information, please visit www.hikma.com. This information is provided by RNS The company news service from the London Stock Exchange
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